Audit quality : earnings management in the context of the Asian crisis

Johl, Shireenjit K., Jubb, C. A. and Houghton, K. A. 2003, Audit quality : earnings management in the context of the Asian crisis, in Proceedings of the 2003 American Accounting Association, American Accounting Association, [Honolulu, Hi.].


Title Audit quality : earnings management in the context of the Asian crisis
Author(s) Johl, Shireenjit K.
Jubb, C. A.
Houghton, K. A.
Conference name American Accounting Association. Conference (2003 : Honolulu, Hawaii)
Conference location Honolulu, Hawaii
Conference dates 3-6 June 2003
Title of proceedings Proceedings of the 2003 American Accounting Association
Publication date 2003
Publisher American Accounting Association
Place of publication [Honolulu, Hi.]
Summary This study assumes that evidence regarding audit quality can be derived from the level of earnings management reflected in reported abnormal or discretionary accruals. Given this assumption, audit quality is examined in the context of the 1997 Asian financial crisis using data from Malaysia. Examining audit quality in its association with earnings management across differential macroeconomic periods provides insights that may be otherwise masked. The period of the crisis is partitioned between pre-crisis (1994-1996), crisis (1997-1998) and post-crisis (1999). Using a robust approach to the measurement of abnormal accruals, the association of Big 5/non-Big 5 and Industry Specialist/Industry non-specialist auditors with both the levels of, and change in levels of, abnormal accruals is investigated across and within the crisis sub-periods from 1994-1999. Audit quality is found to be associated with abnormal accruals, and differentially so across macroeconomic period with greater constraint evident post-crisis.

Language eng
Field of Research 150102 Auditing and Accountability
HERDC Research category E1.1 Full written paper - refereed
ERA Research output type X Not reportable
Persistent URL http://hdl.handle.net/10536/DRO/DU:30024260

Document type: Conference Paper
Collection: School of Accounting, Economics and Finance
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